HSBC Canada Sells Retail Brokerage

HSBC Canada has announced that it is selling its retail brokerage to a unit of National Bank Financial in a deal valued at C$206 million ($200 million).

22 Sep 2011

HSBC Canada has announced that it is selling its retail brokerage to a unit of National Bank Financial in a deal valued at C$206 million ($200 million). Under terms of the agreement, HSBC will partner with National Bank on referrals for mutual clients.